Crypto.com will merge MCO to CRO, and the conversion ratio will be “1MCO=33CRO” in the next 30 days

Crypto.com announced that the simplified Crypto.com ecosystem will start the MCO exchange program. The redemption plan includes: 1.Crypto.com will merge MCO to native token CRO before the launch of the mainnet. After 8 o’clock on November 3, Beijing time, Crypto.com will no longer support MCO. However, the MCO that has not been exchanged will still be circulated on the Ethereum blockchain in the form of ERC-20 tokens; 2. The exchange must be completed before the above-mentioned time and can only be carried out on the Crypto.com App. If in September If the redemption is completed before 2 days, Crypto.com will provide a 20% reward. This means that the exchange ratio before September 2 is 1 MCO = 33.1726 CRO, and after September 2 it is 1 MCO = 27.6439 CRO. After the exchange plan is completed, the Crypto.com ecosystem will only use CRO tokens. Chain Wen noted that Crypto.com once raised US$26.7 million through MCO token sales in 2017. In December 2018, Crypto.com issued a new token Crypto.com (CRO) based on its blockchain.